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Gold/Mining/Energy : Pure Gold Minerals (PUG)-TSE
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To: violetta martinez who wrote (785)10/9/1998 2:33:00 PM
From: BLZBub  Read Replies (2) of 1030
 
I would suspect that the placee of the new shares, Lines Overseas Management, was also a holder of these series-C warrants, and as a condition of this placement insisted on a repricing of the old warrants. If not, then what is the purpose of this "selective" repricing ...except maybe to benefit some insiders.

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